Retirement

Mon, 2014-04-28 12:56 -- univcomm

Retirement

Employees working at least 20 hours per week, or 50% of full time, in a benefit-eligible position may participate in the university 403(b) tax-sheltered annuity retirement plan after completion of a two-year waiting period. The waiting period is waived if a new hire has two years of work history at a Church of God Agency or institution of higher education, or has a fully vested retirement plan from any other employer. Enrollment and contributions may commence at the beginning of any pay period after eligible.

An employee electing to make a pre-tax contribution of at least 3% of base salary will receive a university contribution of 5%. Eligible employees electing to contribute 2% or less will receive a 2% of base salary university contribution. All contributions are placed in employee-owned contracts and are fully vested from the initial contribution.

Below are two documents regarding retirement from Anderson University:

For contact information, be sure to check the document Benefit Provider Contacts [PDF] on the navigation menu to the left, or contact Benefits Coordinator Sandy Hall at sghall@anderson.edu.